Best and Cheapest Renters Insurance in Hawaii (Aug 2024)


Updated: September 22, 2024

Advertising & Editorial Disclosure

While State Farm is the best for $20K in personal property coverage with an average annual premium of $98 and a MoneyGeek score of 97 out of 100, the best for you depends on your needs. For instance, Allstate is best for those who value service, while DB Insurance caters best to veterans. Each option has unique strengths, so choose wisely based on what matters most to you.

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Best Overall: State Farm

State Farm is the best overall renters insurance provider with a MoneyGeek score of 97 out of 100 and an average annual premium of $98.

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Cheapest: Allstate

Allstate is the cheapest renters insurance provider in Hawaii, with an annual premium of $94.

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Best Service: State Farm

State Farm is the best renters insurance provider for service quality with a MoneyGeek score of 100 out of 100 and an average annual premium of $98.

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Best for Extra Personal Property: State Farm

State Farm is the best renters insurance provider for those who need extra personal property coverage of $100,000, with a MoneyGeek score of 100 out of 100 and an average annual premium of $208.

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Best for Veterans: State Farm

State Farm is the best renters insurance provider for military members with a MoneyGeek score of 97 out of 100 and an average annual premium of $98.

Why Trust MoneyGeek? We collected data from the Hawaii Department of Insurance and Quadrant Information Services to find the best renters insurance in Hawaii.

Renters insurance rates in Hawaii reflect the best quotes as of September 2024.

2,304Quotes Collected
 
4Cities Analyzed
 
6ZIP Codes

Overall Best Renters Insurance in Hawaii

State Farm stands out as the best renters insurance provider in Hawaii with the highest MoneyGeek score of 97 out of 100 and an annual premium of $98 for $20,000 in personal property coverage. This top provider skillfully balances both cost and customer service. The following providers are the two best renters insurance providers in Hawaii for the same policy:

  • State Farm: MoneyGeek score of 97 out of 100 ($98 per year)
  • Allstate: MoneyGeek score of 97 out of 100 ($94 per year)

Although State Farm is not the cheapest option, it still offers a good balance between customer satisfaction and affordability. However, the best choice for you will still depend on your individual needs.

Company logo for State Farm
Best OverallState Farm
MoneyGeek Score:
97/ of 100

Overview

In Hawaii, aside from being the best overall renters insurance, State Farm ranks first in customer satisfaction and coverages.

State Farm offers cyber event and ID theft coverage as an add-on. This coverage provides assistance with identity restoration by reimbursing costs associated with restoring your identity after theft, and it offers you aid in managing the financial and legal aftermath. This can greatly benefit renters by providing peace of mind and financial support in the event of identity theft.

Best Renters Insurance in Hawaii
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
State FarmMoneyGeek Score97Annual Premium$ 98
AllstateMoneyGeek Score97Annual Premium$ 94
AIG InsuranceMoneyGeek Score76Annual Premium$ 114
RLIMoneyGeek Score60Annual Premium$ 157
First Insurance Company of HawaiiMoneyGeek Score57Annual Premium$ 150
Island InsuranceMoneyGeek Score56Annual Premium$ 150
DB InsuranceMoneyGeek Score53Annual Premium$ 150

Cheapest Renters Insurance in Hawaii

Allstate offers the cheapest renters insurance in Hawaii with an annual premium of $94 for $20K in personal property coverage and a $1,000 deductible. The two cheapest providers are:

  • Allstate: $94 per year
  • State Farm: $98 per year

Personal property coverage helps cover the costs of replacing your belongings in case of theft, fire, or other types of damage. Cheap renters insurance policies often have low personal property coverage limits. Higher personal property coverage limits can lead to higher monthly costs, but they offer better protection if you own many personal belongings.

Cheapest Renters Insurance in Hawaii
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
AllstateAnnual Premium$ 94
State FarmAnnual Premium$ 98
AIG InsuranceAnnual Premium$ 114
Island InsuranceAnnual Premium$ 150
First Insurance Company of HawaiiAnnual Premium$ 150
DB InsuranceAnnual Premium$ 150
RLIAnnual Premium$ 157
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QUALITY OVER COST

Prioritizing quality service is crucial when selecting renters insurance in the state. Opting for the best renters insurance instead of the cheapest option ensures effective claims handling. This can also result in long-term savings.

Cheapest Renters Insurance by High Deductible in Hawaii

The cheapest renters insurance company for $20K in personal property coverage with a $2,000 deductible in Hawaii is Allstate, with an annual premium of $94. The two cheapest providers in Hawaii are:

  • Allstate: $94 per year
  • State Farm: $98 per year

A deductible is what you pay out of pocket before your insurance starts covering expenses. Higher deductibles typically mean lower premiums. You can see how rates change using the table below.

Cheapest High-Deductible Renters Insurance in Hawaii
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
Deductible:
Deductible:$ 2,000
AllstateAnnual Premium$ 94
State FarmAnnual Premium$ 98
AIG InsuranceAnnual Premium$ 108
First Insurance Company of HawaiiAnnual Premium$ 150
DB InsuranceAnnual Premium$ 150
Island InsuranceAnnual Premium$ 150
RLIAnnual Premium$ 157

Best Renters Insurance for Customer Service in Hawaii

State Farm is the best renters insurance company for service quality in Hawaii for $20K in personal property coverage, with an annual premium of $98. The two best providers are:

  • State Farm: MoneyGeek score of 100 out of 100 ($98 per year)
  • Allstate: MoneyGeek score of 95 out of 100 ($94 per year)

Great customer service is crucial when choosing renters insurance because it ensures you receive the help you need promptly and effectively. For instance, when you make a claim, you want a provider who handles your request swiftly and keeps you updated every step of the way.

Company logo for State Farm
Best ServiceState Farm
MoneyGeek Score:
100/ of 100

Overview

In Hawaii, State Farm ranks first in customer satisfaction and coverage. Additionally, it offers the lowest annual premium at $98. State Farm provides cyber event/ID theft coverage, which helps restore your identity if stolen, including expenses like lost wages.

Best Renters Insurance For Customer Service in Hawaii
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
State FarmMoneyGeek Score100Annual Premium$ 98
AllstateMoneyGeek Score95Annual Premium$ 94
RLIMoneyGeek Score95Annual Premium$ 157
First Insurance Company of HawaiiMoneyGeek Score75Annual Premium$ 150
Island InsuranceMoneyGeek Score73Annual Premium$ 150
AIG InsuranceMoneyGeek Score73Annual Premium$ 114
DB InsuranceMoneyGeek Score68Annual Premium$ 150

Best Renters Insurance for Extra Personal Property in Hawaii

State Farm is the best renters insurance company for renters who need $100K of personal property coverage in Hawaii, with an annual premium of $208. The following providers are the two best:

  • State Farm: MoneyGeek score of 100 out of 100 ($208 per year)
  • DB Insurance: MoneyGeek score of 85 out of 100 ($220 per year)

Renters who have more personal belongings need higher personal property coverage. Personal property coverage protects your personal belongings in case of theft, damage or other covered events. Higher personal property coverage often comes at a higher cost. Therefore, it’s important to find a provider that can balance cost and great service to ensure comprehensive protection for your valuables without breaking the bank.

Company logo for State Farm
Best for Extra Personal PropertyState Farm
MoneyGeek Score:
100/ of 100

Overview

In Hawaii, State Farm is the top insurer for renters who need extra personal property coverage, boasting the highest affordability and customer satisfaction. With an annual premium of just $208, it's a budget-friendly option.

State Farm offers robust coverage, including scheduled personal property and cyber event/ID theft protection. Scheduled personal property ensures high-value items like jewelry and electronics are fully covered. Cyber event/ID theft protection safeguards against identity theft and cyber crimes, offering financial and legal support. These coverages are vital for renters who prioritize safeguarding their possessions.

Best Renters Insurance for Extra Personal Property Limits in Hawaii
State FarmMoneyGeek Score100Annual Premium$ 208
DB InsuranceMoneyGeek Score85Annual Premium$ 220
AllstateMoneyGeek Score84Annual Premium$ 339
AIG InsuranceMoneyGeek Score72Annual Premium$ 367
First Insurance Company of HawaiiMoneyGeek Score69Annual Premium$ 413
Island InsuranceMoneyGeek Score61Annual Premium$ 471
RLIMoneyGeek Score60Annual Premium$ 565

Best Renters Insurance for Military Families in Hawaii

The best renters insurance company for those with military backgrounds in Hawaii for $20K in personal property coverage is State Farm with an annual premium of $98. The two best providers are:

  • State Farm: MoneyGeek score of 97 out of 100 ($98 per year)
  • Allstate: MoneyGeek score of 97 out of 100 ($94 per year)

For military members, finding the best provider means prioritizing both customer service and affordability. Balance these factors to ensure you're getting the best possible coverage and service for your unique needs.

Company logo for State Farm
Best for Military MembersState Farm
MoneyGeek Score:
97/ of 100

Overview

In Hawaii, State Farm leads in customer satisfaction, coverage, and financial stability for renters with a military background. With an annual premium of $98, it’s the top provider for comprehensive renters insurance.

State Farm offers coverage options like cyber event/ID theft protection. The Cyber Event/ID Theft Protection can help restore your identity and cover related expenses.

Best Renters Insurance for Military Families in Hawaii
Data filtered by:Results filtered by:
Coverage:
Coverage:$20K Personal Property
State FarmMoneyGeek Score97Annual Premium$ 98
AllstateMoneyGeek Score97Annual Premium$ 94
AIG InsuranceMoneyGeek Score76Annual Premium$ 114
RLIMoneyGeek Score60Annual Premium$ 157
First Insurance Company of HawaiiMoneyGeek Score57Annual Premium$ 150
Island InsuranceMoneyGeek Score56Annual Premium$ 150
DB InsuranceMoneyGeek Score53Annual Premium$ 150

Average Cost of Renters Insurance in Hawaii

The average cost of renters insurance in Hawaii is $131 annually, which breaks down to $11 monthly. This is lower than the average cost of renters insurance nationally, which stands at $146 annually or $12 monthly. Hawaii's rates are $15 cheaper annually compared to the national average. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits and a $1,000 deductible.

The average cost of renters insurance in Hawaii may vary greatly depending on the amount of personal property coverage you purchase. Personal property coverage protects your belongings in case of damage or theft. Use the tool below to get an estimate for your renters insurance based on your needs.

Renters Insurance Calculator

MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Oct 04, 2024

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Average Cost of Renters Insurance by City in Hawaii

The average cost for renters insurance not only varies by state, but also varies by city. For example, in Urban Honolulu, the average annual premium is $132 compared to the state average of $131 in Hawaii. These rates are based on a renters insurance policy with $20,000 personal property limits, $100,000 liability limits, a $1,000 deductible and a good credit score.

Urban HonoluluAnnual Premium$ 132
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COMPARE QUOTES TO SAVE

Renters in Hawaii can save money on renters insurance by comparing quotes among providers. For $20K in personal property and a $1,000 deductible, Allstate offers the lowest annual premium at $94, while RLI is the most expensive at $157. By shopping around, renters can save $59 annually or $5 monthly.

What Factors Impact Renters Insurance Costs in Hawaii?

Multiple factors impact the cost of renters insurance in Hawaii, including location, coverage amount, and deductible. Understanding these factors is important because it helps renters make informed decisions and potentially save on their premiums.

  • Location: The area where you live can affect your premium due to crime rates and weather-related risks.
  • Coverage Amount: Opting for higher coverage limits will typically increase your insurance costs.
  • Deductible: Choosing a higher deductible can lower your monthly premium, but you'll pay more out-of-pocket in case of a claim.
  • Claims History: Renters with a history of claims may face higher premiums due to perceived risk.
  • Credit Score: Insurance companies may use your credit score to determine your premium, with higher scores often leading to lower costs.

How Much Personal Property Coverage Do You Need?

Determining your personal property coverage involves creating a personal inventory of all your belongings at home. A personal inventory is a detailed list of your possessions, including descriptions and values. Here’s a step-by-step guide to help you create your personal inventory:

  1. Start With Big-Ticket Items: List all high-value items first, such as electronics, jewelry and furniture, noting their make, model and serial numbers when available.
  2. Document With Photos or Videos: Take clear photographs or video recordings of your belongings, capturing any identifying marks or conditions.
  3. Include Receipts and Appraisals: Attach purchase receipts, warranty cards and appraisal documents for items of significant value.
  4. Store Information Securely: Keep your inventory list and supporting documents in a safe, accessible location, such as a cloud storage service.
  5. Update Regularly: Review and update your personal inventory annually or whenever you acquire or dispose of items.

Personal Property Coverage Calculator

When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.

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What Renters Insurance Typically Covers in Hawaii

Renters insurance primarily protects your personal belongings from damage, but it also extends to other areas such as liability and additional living expenses. Here's what a typical policy may cover:

  • Personal Property Coverage: Safeguards your possessions against covered perils like theft to help you replace them.
  • Personal Liability Coverage: Protects you from legal responsibility for injuries or damage to others, such as if a guest is injured in your rental unit.
  • Loss of Use Coverage: For additional living expenses if your rental is uninhabitable due to a fire, for example, loss of use coverage can cover temporary housing costs.

Renters insurance typically applies to specific events, like theft, vandalism or specific natural disasters. Here's what most policies cover:

  • Fire or lightning
  • Windstorm or hail
  • Explosions
  • Riots
  • Damage caused by aircraft
  • Damage caused by vehicles
  • Smoke damage
  • Vandalism
  • Theft
  • Volcanic eruption
  • Falling objects
  • Weight of ice, snow or sleet
  • Water-related damage from home utilities
  • Electrical surge damage

What Renters Insurance Typically Doesn't Cover

Although renters insurance provides a safety net for your personal property and liability, it does not universally cover all losses. For instance, damage from floods typically falls outside standard policies. Here's what else is usually not included:

  • Natural Disasters: Standard policies often exclude events like floods and earthquakes.
  • High-Value Items: Expensive jewelry or electronics may exceed policy limits.
  • Business Equipment: Items used for business purposes may require additional coverage.
  • Roommate Property: Your policy does not cover your roommate's belongings.
  • Pest Damage: Infestations and damage from pests are generally not covered.
  • Car Theft: Personal vehicles are covered under auto insurance, not renters insurance.

Understanding these exclusions can help you seek additional coverage if necessary, ensuring you're protected against a wider range of potential risks.

FAQ: Renters Insurance in Hawaii

Finding the best renters insurance in Hawaii can be easy. We've answered some common questions to help you make an informed decision.

What is the cheapest renters insurance company in Hawaii?
What is the best renters insurance company in Hawaii?
How much does renters insurance cost in Hawaii?
Is renters insurance required in Hawaii?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.